Connecting Lawyers with Opportunities
What is a shell company? At present, neither Companies Act, 2013 nor Companies Act, 1956 nor any other Act gives a definition for a Shell company. Efforts to define it are still being made and many recommendations have been considered. One suggestion was given by the Organisation for Economic Co-operation and Economic Development. The definition given was, “A shell […]
Continue Reading
“E-commerce activities refer to the activity of buying and selling by a company through the e-commerce platform”[1] Introduction In general, E-commerce can be defined as a digital commercial transaction between individuals and organizations. These transactions have occurred with the help of digital technology such as transactions over the internet and the web. It includes the […]
Continue Reading
Abstract for REVIVAL AND RESTRUCTURING OF SICK COMPANIES UNDER COMPANIES ACT In the modern times, due to increase in market issues, there are numerous companies facing the issues like losses or on verge of being dysfunctional or in the process of winding up. Now, winding up is not the proper solution as not only a company’s […]
Continue Reading
Preference Shareholders are those shareholders who have a preference over the equity shareholders. The preference shareholders have a preference over equity in two ways. One is the preference in terms of dividend distribution out of profits of a company. The dividend is given to them before declaring a dividend for equity shareholders. The second preference […]
Continue Reading
Article of Association of Company is a document which is termed as the constitution of the company. The other document with the same position is Memorandum of Association. As per Companies Act, 2013, AOA governs the running of company. Also, it governs setting out voting rights of shareholders, conduct of shareholders’ and directors’ meetings, powers […]
Continue Reading
Chiefs’ part amid strange place period under lawful examination, says IBBI Chairman Executives of organizations confronting the bankruptcy procedure can’t go unscathed while the organizations they ran are pulled over the coals. Interestingly, indebtedness controller IBBI has cautioned of activity under the Insolvency and Bankruptcy Code (IBC) against those chiefs who neglected to release their […]
Continue Reading
1. Constitutional Provisions: The Constitution of India vests the Parliament with plenary legislative powers to impose taxes on matters specifically enumerated in the Union List and all the power of making any law imposing a tax not mentioned in Concurrent or State Lists, as provided by Article 248(2). “Tax on income” is defined in an […]
Continue Reading